Mechanics Bank Trust Department Acquires 32,934 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Mechanics Bank Trust Department lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 49.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,281 shares of the company’s stock after purchasing an additional 32,934 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for approximately 1.0% of Mechanics Bank Trust Department’s holdings, making the stock its 27th largest position. Mechanics Bank Trust Department’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $8,206,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. DecisionPoint Financial LLC grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 2.9% during the 4th quarter. DecisionPoint Financial LLC now owns 539,643 shares of the company’s stock valued at $45,195,000 after buying an additional 15,021 shares in the last quarter. Peak Financial Management Inc. raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.2% during the 4th quarter. Peak Financial Management Inc. now owns 153,930 shares of the company’s stock worth $12,892,000 after acquiring an additional 6,194 shares in the last quarter. First Horizon Corp raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 323.9% during the 4th quarter. First Horizon Corp now owns 11,648 shares of the company’s stock worth $976,000 after acquiring an additional 8,900 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 313,071 shares of the company’s stock valued at $26,220,000 after acquiring an additional 21,264 shares during the last quarter. Finally, Gilbert Capital Group Inc. boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 37.1% during the 4th quarter. Gilbert Capital Group Inc. now owns 32,918 shares of the company’s stock valued at $2,757,000 after acquiring an additional 8,912 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT stock opened at $81.49 on Thursday. The firm has a fifty day moving average price of $82.05 and a 200 day moving average price of $82.84. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $81.03 and a fifty-two week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, August 3rd were paid a dividend of $0.3421 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 5.0%.

Vanguard Intermediate-Term Corporate Bond ETF Company Profile

Vanguard Intermediate-Term Corporate Bond ETF seeks to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index, a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index. The Barclays Capital U.S. 5-10 Year Corporate Bond Index measures the investment return of U.S. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.